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Hotel Sector Property News - Thailand, Bangkok

Published on The Nation dated 7 March 2012 Phuket, one of Thailand’s best beach destinations, is to get a new airport terminal by 2014 with construction to begin this summer, according to the Phuket News. The new terminal will be used for international flights and will increase the airport’s capacity from 8.2 to 12.5 million passengers a year. Up to ... Read More >
Published on The Nation dated 7 March 2012 by Bamrung Amnatcharoenrit Etihad Airways, the flag carrier of the United Arab Emirates, sees strong potential in the Thai market with the Asean Economic Community due to land in 2015, but its expansion will be mainly via code sharing. “I am delighted to be in Bangkok and to see for myself the ... Read More >
Published on Bangkok Post dated 20 June 2011 by Kanana Katharangsiporn High occupancies add to Phuket’s appeal More hotel investment transactions will be completed in the second half of this year, mainly in Phuket where occupancy rates have been strong, says Robert McIntosh, executive director of CBRE Hotels in Asia-Pacific. He forecast the value of hotel investment transactions in 2011 ... Read More >
By The Nation, published on May 27, 2011 Property-sales activity has rebounded in Phuket, according to global property-services firm CB Richard Ellis (CBRE). CBRE, which tracks sales through its Phuket office and research team, said there were more sales and active enquiries in the first quarter of this year than in 2010, signaling a recovery in the market. CBRE (Thailand) ... Read More >
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announces that it has reached an agreement with Fisherman Harbour Company Limited to develop Four Points by Sheraton and Aloft hotels in Patong in Phuket, Thailand. Both the hotels are scheduled to open in 2014. Four Points by Sheraton with its timeless and stylish comfort offering, has proved a huge hit for ... Read More >
International passenger arrivals to Bangkok Airports increased by 6% in December and international arrivals to Phuket increased by 25% The Airports of Thailand Public Company Limited (AOT) has announced the air transport statistics for December 2010. Total international passenger disembarkations at Bangkok’s Suvarnabhumi and Don Muang airports were 1,642,901 in December 2010 compared to    1,544,158 in December 2009, an increase ... Read More >
18 January 2011, Bangkok –  The Grosvenor House Hotel, Mayfair, London was sold for £470m (THB 22 billion) by CBRE Hotels acting as sole agent. The 494 bedroom, Park Lane property (operated by JW Marriott) represents the largest ever single asset hotel transaction (by sale price) in Europe. The iconic hotel has a unique place in the London 5-star market ... Read More >
International passenger arrivals to Bangkok Airports increased by 7% in November and international arrivals to Phuket increased by 33%. The Airports of Thailand Public Company Limited (AOT) has announced the air transport statistics for November 2010. Total international passenger disembarkations at Bangkok’s Suvarnabhumi and Don Muang airports were 1,470,799 in November 2010 compared to   1,369,416 in November 2009, an increase ... Read More >
International passenger arrivals to Bangkok Airports increased by 6% in October and international arrivals to Phuket increased by 51%. The Airports of Thailand Public Company Limited (AOT) has announced the air transport statistics for October 2010. Total international passenger disembarkations at Bangkok’s Suvarnabhumi and Don Muang airports were 1,395,792 in October 2010 compared to   1,319,329 in October 2009, an increase ... Read More >
International passenger arrivals to Bangkok Airports increased by 9% in September and international arrivals to Phuket increased by 59%. The Airports of Thailand Public Company Limited (AOT) has announced the air transport statistics for September 2010. Total international passenger disembarkations at Bangkok’s Suvarnabhumi and Don Muang airports were 1,196,267 in September 2010 compared to  1,098,827 in September 2009, an increase ... Read More >
CB Richard Ellis, the leading international property consultant firm in Thailand, has successfully selected a hotel operator for Ashlee Company Limited, the owner of a new hotel in Phuket.  This 108-room hotel will be managed by Centra, the latest hotel brand by Centara Hotels & Resorts, from December 2010 onwards and will be named the “Centra Ashlee Hotel Patong.” CB ... Read More >
International passenger arrivals to Bangkok Airports increased by 7% in August and international arrivals to Phuket increased by 40% The Airports of Thailand Public Company Limited (AOT) has announced the air transport statistics for August 2010. Total international passenger disembarkations at Bangkok’s Suvarnabhumi and Don Muang airports were 1,259,584 in August 2010 compared to 1,177,333 in August 2009, an increase ... Read More >
International passenger arrivals to Bangkok Airports increased by 13% in July and international arrivals to Phuket increased by 42% The Airports of Thailand Public Company Limited (AOT) has announced the air transport statistics for July 2010. Total international passenger disembarkations at Bangkok’s Suvarnabhumi airport were  1,328,131 in July 2010 compared to 1,171,857 in July 2009, an increase of 13% but ... Read More >
The 261- key Westin Siray Bay Resort and Spa opened on August 1 2010 and is the first Westin resort in Thailand. The property is located on the Siray Island which is connected by bridge to the east coast of Phuket and is only a short distance from Phuket Town. The reservation website showed a room rate of THB 10,250 ... Read More >
The stock exchange of Thailand announced today that Laguna Resort and Hotels have agreed to sell the Dusit Laguna Resort Phuket to Dusit Thani Public Limited. The total consideration is 2,716,000,000 baht including transfer tax paid by the purchaser which equates to 12,017,700 baht per room for the 226 room hotel. Dusit Thani has managed the hotel for 23 years ... Read More >

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